• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, August 17, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

Energy Minister Pledges Reforms on Laycan and Downstream Efficiency 

Prince Agyapongby Prince Agyapong
June 26, 2025
Reading Time: 5 mins read
Add as Preferred on Google
Energy Minister Pledges Reforms on Laycan and Downstream Efficiency

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has reaffirmed his government’s commitment to addressing long-standing challenges in the petroleum downstream sector, pledging decisive action on laycan scheduling and systemic inefficiencies. 

His remarks came during a stakeholder meeting convened to foster collaboration and transparency across the petroleum value chain. 

“As Minister, I take full responsibility for the challenges associated with laycan management. I am not here to pass blame.

“I’ve listened to your concerns, and you have my assurance that we will soon release a comprehensive roadmap to tackle the issues.” 

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

The high-level meeting took place in Accra, bringing together major stakeholders in the petroleum and energy sector. The event served as a platform for collaboration and dialogue among key players in the industry.

Participants included the National Petroleum Authority (NPA), Chamber of Bulk Oil Distributors (CBOD), Tema Oil Refinery (TOR), Bulk Oil Storage and Transportation Company (BOST), Chamber of Oil Marketing Companies (COMAC), the Chamber of Petroleum Consumers (COPEC), and the Africa Centre for Energy Policy (ACEP). 

ADVERTISEMENT

At the centre of the discussions was the pressing need to streamline laycan management — the official scheduling system that dictates the timing for the arrival, berthing, and unloading of petroleum cargoes.  

high level meeting
High-level Sector meeting

Poor coordination and frequent, unscheduled changes to laycan assignments have reportedly caused costly delays, rising demurrage fees, and disrupted fuel supply timelines across the country. 

Industry representatives have voiced frustration over recent breaches of the laycan protocol, including the unauthorised berthing of cargoes not listed in the official schedule.  

These irregularities, stakeholders argue, undermine transparency, distort fuel pricing, and erode confidence in Ghana’s petroleum regulatory framework. 

ADVERTISEMENT

The CBOD has estimated that between January and June 2025 alone, inefficiencies related to laycan mismanagement cost BDCs over $40 million in demurrage and associated penalties — costs that ultimately filter down to consumers through higher fuel prices. 

“Our aim is not just to manage laycan better; it’s to restore integrity and predictability to the fuel importation process.

“This is about protecting the Ghanaian consumer, supporting local businesses, and safeguarding national energy security.” 

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

Pledge for Sector Reform 

Oil Field
Oil Port

In a significant policy shift, Hon. Jinapor announced that the government is prioritising the construction of an additional mooring system at the discharge terminals to reduce bottlenecks. 

ADVERTISEMENT

Currently, the limited berthing infrastructure contributes to vessel congestion and further exacerbates laycan delays. 

“We are expanding infrastructure to support efficient product discharge and improve turnaround times.

“This will complement ongoing regulatory reforms and provide long-term structural relief.” 

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

Hon. Jinapor called on all stakeholders to support the reform process by prioritising accountability, information-sharing, and adherence to collective agreements. 

Oil Production
Oil Production

“Modernising the downstream sector requires everyone’s buy-in. These reforms are not about finger-pointing — they’re about setting a new standard.” 

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

Stakeholders welcomed the dialogue and commended the Minister’s transparent approach. CBOD and COMAC representatives expressed optimism about the roadmap’s potential to address inefficiencies if enforced consistently and equitably.

The reforms must be supported by a stronger legal and governance framework to prevent future breaches and institutionalize best practices.

With Ghana’s petroleum sector playing a vital role in economic stability and energy reliability, Hon. Jinapor’s leadership in tackling one of its most contentious issues is being closely watched by industry players, civil society, and international observers. 

The forthcoming roadmap is expected to outline specific timelines, technical interventions, and governance measures aimed at overhauling Ghana’s laycan management and downstream infrastructure. 

READ ALSO: Mastercard and Access Bank Unveil Innovative Age-Segmented Card to Empower Ghana’s Youth 

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: CBODGhana energy sectorJohn Jinaporlaycan reformNPAPetroleum downstream
Please login to join discussion
Previous Post

Nurses Slam Health Committee Over Meeting Delay

Next Post

Stonebwoy Confronts Misinformation, Online Toxicity

Related Posts

Oil
Extractives/Energy

Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks

August 17, 2026
The interplay of Cost and Electricity
Extractives/Energy

Electricity Cost Shock Threaten Ghana’s Industrial Recovery

August 16, 2026
Mineral Income Investment Fund with Cyber Security Authority (CSA)
Extractives/Energy

MIIF Advances Steps to Counter Mining Sector Cyber Threats

August 16, 2026
ACEP Executive Director Benjamin Boakye
Extractives/Energy

AKSA Deal Reignites Debate Over Ghana’s Power Procurement

August 15, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Former Vice President and the New Patriotic Party's 2028 presidential candidate, Dr. Mahamudu Bawumia

Bawumia Declares Regional Contest Over, Demands Unity Toward 2028 Victory

August 17, 2026
Oil

Oil Nears $90 as Hormuz Tensions Raise Ghana’s Fuel Risks

August 17, 2026
A Galamsey site

Galamsey Crisis Threatens Ghana’s Water Security, Eco-Conscious Coordinator Warns

August 17, 2026
Dr Thom Oliver, Senior Lecturer in Politics at the University of the West of England

Nigel Farage Won Clacton But Reform UK May Have Lost Politically – Dr Thom Oliver

August 17, 2026
17869208873687907126164035425525

Cameroon Cruise Past Malawi to Win First WAFCON Trophy

August 16, 2026
ADVERTISEMENT
Next Post
Stonebwoy

Stonebwoy Confronts Misinformation, Online Toxicity

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.